ADMS 2610 Lecture : Special Legal Rights and Relationships - Chapter 33 - Restrictive Trade Practices
26 Jan 2012
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Document Summary
Part #6 special legal rights and relationships. Nature of the legislation: investigation, competition tribunal. Mergers and firms in a dominant position. Conspiracies and combination sin restraint of trade: exemptions, bid-rigging. Offences relating to distribution and sale of products. Offences relating to promotion and advertising of products. Premise: forces of competition and the free market should regulate industry rather than government. control those activities that restrict or interfere with competition: originally governed by the common law. restraints of trade which were unreasonable or contrary to public. Competition act interest were actionable at law: most of the control of anti-competitive activity is found within this act, general. prohibits combinations or conspiracies that prevent or lessen competition. reviews mergers or monopoly actions that may operate to the detriment of the public. Nature: blend of criminal and administrative approaches. some practices prohibited and subject to criminal proceedings. some practices subject to review and control: civil remedies.
